Huntington HSA
A Huntington Health Savings Account (HSA) is a trust account authorized under Section 1201 of the Medicare Modernization Act of 2003. Eligible individuals and/or employer contributions establish an HSA to receive tax-favored contributions. Amounts in an HSA may be accumulated over the years or distributed on a tax-free basis to pay or reimburse qualified medical expenses.
Advantages of a Huntington Trust HSA:
- No minimum balance
- No transaction fees
- Money works from day one
- Tax free yield
- Choice of 9 attractive investment offerings
- Local, attentive, and accountable customer service
- http://www.huntingtonfunds.com (investment & shares)
Advantages of working with CBA Benefit Services:
- The employee has a resource to ask whether a claim is valid according to 213(d).
- We coordinate the funding between the Huntington National Bank and the employer.
- Our products, such as COBRA and Flex Administration, provide a well-rounded benefit program.
Contact us for more information on HSAs.